Machine Design
The strength of a riveted joint is equal to

Least value of Pt Ps and Pc
Tearing strength of plate (Pt)
Shearing strength of rivet (Ps)
Crushing strength of rivet (Pc)

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Machine Design
According to Rankine's theory, the failure occurs at a point in a member

When the maximum principal stress in a biaxial stress system reaches the elastic limit of the material in a simple tension test
When the maximum principal strain in a biaxial stress system reaches the strain at the elastic limit as determined from a simple tension test
When the maximum shear stress in a biaxial stress system reaches the shear stress at elastic limit in a simple tension test
When the strain energy per unit volume in a biaxial stress system reaches the strain energy at the elastic limit per unit volume as determined from a simple tension test

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